Wavelength Capital Management is one of the latest asset managers to catch the mutual fund bug.
The Wavelength Interest Rate Neutral Fund launched today will reportedly invest in government bonds, inflation-linked bonds, USD-dominated emerging market debt, convertible bonds and corporate securities.
“Focusing on factors we believe to be significant to interest rate policy and engineering fixed income investments to target balance across them provides an alternative approach for investors facing less familiar risks and future market uncertainty," said Andrew Dassori, the founding partner and chief investment officer at Wavelength Capital.
MFWirereported in July that Dassori would be the PM for the firm's flagship mutual fund offering. The product will be distributed through Ultimus Fund Distributors.
Here is the press release:
Company Press Release
Wavelength Capital Management Launches Interest Rate Neutral Fund/h3>
Flagship Offering Takes Alternative Approach to Fixed Income Investing
NEW YORK -- Wavelength Capital Management, LLC (“Wavelength”) announced today the launch of its flagship mutual fund offering - the Wavelength Interest Rate Neutral Fund (Class I: WAVLX) - which is designed to provide fixed income investors with a neutral exposure to interest rate movements using an alternative investment approach.
Unlike traditional fixed income investments, the fund seeks a neutral exposure to interest rate movements by targeting a balance across macroeconomic conditions that Wavelength believes drive changes in interest rates.
“Many fixed income investors have benefited from the downward path taken by US interest rates since the early 1980s, but the future trajectory is decidedly uncertain,” said Andrew Dassori, Founding Partner and Chief Investment Officer, Wavelength. “Focusing on factors we believe to be significant to interest rate policy and engineering fixed income investments to target balance across them provides an alternative approach for investors facing less familiar risks and future market uncertainty.”
The fund invests primarily in fixed income markets, including government bonds, inflation-linked bonds, USD-denominated emerging market debt, convertible bonds and corporate securities, by purchasing bonds, derivative instruments and exchange-traded notes or funds related to these markets.
The Wavelength Interest Rate Neutral Fund (Class I: WAVLX) will be listed on the NASDAQ and distributed to external investors through Ultimus Fund Distributors, LLC.
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Wavelength Capital Management is a global investment management firm that provides research, advisory, and fund management services to institutional and private investors. The firm’s investment philosophy is based on the macroeconomic drivers of asset prices, and its investment strategies are designed to generate consistent returns uncorrelated with traditional asset classes over long-term macroeconomic cycles. The firm was founded in March, 2013, and is based in New York.
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Before you invest in the Wavelength Interest Rate Neutral Fund, please refer to the prospectus for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectus by calling 866-869-9292. The prospectus should be read carefully before you invest or send money.
As with any mutual fund investment, there is a risk that you could lose money by investing in the Wavelength Interest Rate Neutral Fund. There can be no assurance that the Wavelength Interest Rate Neutral Fund will achieve its investment objective.
The return on and value of an investment in the Wavelength Interest Rate Neutral Fund will fluctuate in response to stock market movements. Stocks are subject to market risks, such as rapid increase or decrease in a stock’s value or liquidity, fluctuations in price due to earnings, economic conditions and other factors beyond the control of the Adviser.
The Fund may invest in fixed income securities and as a result the Fund may be subject to the following risks: interest rate risk, credit risk, credit rating risk, prepayment and extension risk and liquidity risk.
The Fund is offered only to United States residents, and is intended only for such persons. This should be considered a solicitation to buy or an offer to sell shares of any fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. Wavelength Capital Management, LLC is the adviser to the Wavelength Interest Rate Neutral Fund, which is distributed by Ultimus Fund Distributors, LLC.